NOVABRIDGE BIOSCIENCES (NBP) Technical Analysis
NASDAQ:NBP • US44975P1030
Current stock price
NBP Technical Rating and Analysis
Taking everything into account, NBP scores 1 out of 10 in our technical rating. NBP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, NBP is a bad performer in the overall market: 100% of all stocks are doing better.
- NBP is part of the Biotechnology industry. There are 516 other stocks in this industry, of which 93% are performing better than NBP.
- In the last month NBP has a been trading in the 2.10 - 2.78 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
NBP Weekly and Daily overview Charts
NBP Setup Rating and Analysis
Although the technical rating is bad, NBP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 2.55, a Stop Loss order could be placed below this zone.
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NBP Support and Resistance Analysis
2.46
When analyzing the support we notice one important area.
- A support zone ranging from 2.48 to 2.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 4 important resistance areas.
- Resistance @2.61 from a trend line in the daily time frame.
- A resistance zone ranging from 2.71 to 2.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.94 from a trend line in the daily time frame.
- Resistance @3.70 from a horizontal line in the daily time frame.
NBP Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for NBP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NBP is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | NBP has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NBP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NBP is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 46.12 | NEUTRAL | The RSI value for NBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NBP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.32 | NEUTRAL | The Stochastics value for NBP is a neutral value. |
| Average True Range in percent/ATR (20) | 7.33 | HIGH VOLATILITY | The high ATR as a percentage value for NBP suggests high volalility. |
| Average Directional Index/ADX (14) | 16.3 | NEGATIVE | The low ADX value for NBP suggests a weak or negative trend. |
NBP Chart- and CandleStick Pattern Analysis
NBP Technicals: Chart, Performance Metrics, Trend & Indicators
2.58
+0.01 (+0.39%)
NOVABRIDGE BIOSCIENCES / NBP TA FAQ
Can you provide the ChartMill technical rating for NOVABRIDGE BIOSCIENCES?
ChartMill assigns a technical rating of 1 / 10 to NBP.
What is the trend direction for NBP stock?
The current trend direction for NOVABRIDGE BIOSCIENCES (NBP) is Bearish.
Can you provide the RSI signal for NOVABRIDGE BIOSCIENCES?
NOVABRIDGE BIOSCIENCES (NBP) has an RSI value of 46.1175. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for NOVABRIDGE BIOSCIENCES?
NOVABRIDGE BIOSCIENCES (NBP) has a support level at 2.55 and a resistance level at 2.61. Check the full technical report for our detailed analysis of NBP support and resistance levels.